Regarding fear mongering.

If I wanted to do high stakes gambling I would go to Vegas and get free drinks not pay so gurus to blow smoke.

For years we had a local chattel lender who took on higher risk loans for those without the large down, not super high credit, and on older homes.

Is the rent high enough to justify someone else investing in it?

But generally I'd agree that anyone who NEEDS to borrow EM, probably shouldn't be doing that deal as the risk is too high.

I would highly recommend being as up front with any lender you work with and to find a broker/lender/lawyer team that is all on the same page from the beginning and are familiar with these types of transactions.

(granted, the land was 50% of that... but the investor walked away with a nice 6 figure profit and never had to pick up a single hammer)As a reference, I made my living as an RVP/General Manager for one of the largest Manufactured and Modular home companies in Florida and specialized in both high end modulars as well as "Mobile Home Park" turn-arounds.

Regards,Abhi.

.- highly appreciated!

Unless I am specifically told by my client regarding a lower limit on offers, I will present any offer on paper.